The rebirth of successfully restructured Chinese shipyards combined with Beijing’s demands to maintain economic growth in 2022 could spell good news for shipowners in the form of newbuilding price cuts.
That is the view of Liu Xunliang — the founder of the Shanghai-based China Newbuilding Price Index (CNPI) — as the country enters the Year of the Tiger.
Overall, CNPI sector indices were up by only a sliver in it latest monthly outlook, released on 30 January, reflecting the weak relative price of newbuilding deals.
